Major Banks Raise Floating Mortgage Rates, Fixed Rates Rise Across All Banks

Macro
โดย 時事通信·JP·Read original
Summary · why it matters

Five major banks announced on the 31st the mortgage interest rates they will apply to new loans in September. For floating-rate loans, which most borrowers choose, Mitsubishi UFJ Bank and Sumitomo Mitsui Banking Corporation raised their rates by 0.25% from the previous month, bringing their most favorable rates to 1.195% and 1.525%, respectively. The other three banks kept their rates unchanged. This reflects the increase in the benchmark short-term prime rate following the Bank of Japan's additional rate hike in June. For fixed-rate loans, all five banks raised their most favorable rates for 10-year fixed mortgages: Mitsubishi UFJ Bank increased by 0.04% to 3.63%, Sumitomo Mitsui Banking Corporation by 0.05% to 3.70%, Mizuho Bank by 0.1% to 3.45%, Sumitomo Mitsui Trust Bank by 0.09% to 4.195%, and Resona Bank by 0.16% to 3.955%.

Impact on stocks 6

Financials▲ · 5 stocks
Resona Holdings, Inc.
8308
▲ PositiveMonetaryrelevance

Resona raised its 10-year fixed mortgage rate by 0.16% to 3.955% amid the BOJ-driven rate environment.

Mizuho Financial Group, Inc.
8411
▲ PositiveMonetaryrelevance

Mizuho raised its 10-year fixed mortgage rate by 0.1% to 3.45% following the BOJ's additional rate hike.

Others▲ · 1 stocks
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